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Deals & Dealmakers

Brooklyn luxury rental building marketed for $90M

Massey Knakal Realty Services has been retained on an exclusive basis to sell “The Kestrel”, a luxury rental building at 33 Caton Place.

Clint Olsen
Clint Olsen

The property is located between Ocean Parkway and East 8th Street in Brooklyn’s Windsor Terrace neighborhood. The asking price is $90,000,000.
The newly-developed, eight-story building contains approximately 161,976 gross square feet and sits on a 225’ x 100’ lot. It consists of 126 units, 63 parking spaces, and 120 storage units, and benefits from a 15-year 421-a tax abatement.

The property offers an abundance of high-end amenities to its residents, including a full-time attended lobby, private gym, sauna, yoga room, business center, library, theatre room, children’s playroom, and pet grooming spa. The property was carefully constructed with superior design and detail for unbeatable luxury and every apartment benefits from state-of-the-art appliances and premium finishes.

The property also offers outdoor amenities, including a beautifully landscaped roof deck, private balconies and terraces, private cabanas, and child-friendly areas. The building also has Kestrel branded bikes and 65 bike storage spaces.
The Kestrel’s sleek design, condo finishes, and unobstructed views of New York City’s famous 585-acre Prospect Park make it a desirable destination for families and young professionals alike.

It is conveniently located just a five minute walk to the F/G subway stop at Fort Hamilton Parkway and a ten minute walk to the express B/Q subway stop at Church Avenue.
This property is being marketed exclusively by Massey Knakal’s Stephen P. Palmese, Clint Olsen, and Aaron Warkov.

“The Kestrel will be the ideal choice for young families and professionals who appreciate luxury living and easy access to outdoor activities, Manhattan, and all Brooklyn has to offer. Its location in Windsor Terrace, a quiet community on the edges of Prospect Park, and high-end design will offer investors the opportunity to purchase a property that will experience substantial rent growth and an easy condominium conversion in time,” said Massey Knakal’s Clint Olsen.

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